Pengaruh Investment Opportunity Set, Net Working Capital, dan Leverage terhadap Cash Holding pada Perusahaan Manufaktur Sub Sektor Makanan dan Minuman yang Terdaftar pada Bursa Efek Indonesia Periode 2018-2021

Abstract

This study aims to determine the effect of Investment Opportunity Set, Net Working Capital, and Leverage on Cash Holding in food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange 2018-2021. This type of research is a causal associative research using secondary data types. The population used in this research is the food and beverage sub sector manufacturing companies listed on the Indonesia Stock Exchange for the 2018-2021 period, with 60 companies that meet the sample criteria from 104 company populations. The data source for this research is secondary data obtained by accessing the official website of the Indonesia Stock Exchange. The data analysis technique used is descriptive statistical analysis and multiple regression model analysis using data quality tests, classical assumption tests and hypothesis testing in the form of coefficient of determination tests and partial tests. The results of this study partially show that Investment Opportunity Set has a negative effect on Cash Holding, Net Working Capital has a negative effect on Cash Holding, Leverage has a positive effect on Cash Holding in food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange, while simultaneously Investment Opportunity Set, Net Working Capital, and Leverage have a positive effect on Cash Holding in food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange for the 2018-2021 period.